Connect with us

Blogs

Will Ripple (XRP) and Ox (ZRX) Get Listed on Coinbase?

Published

on

Ripple
READ LATER - DOWNLOAD THIS POST AS PDF

It is every crypto’s goal to get listed on as many crypto exchanges as possible, and Coinbase is among the top exchanges that every crypto would like to join. By getting listed on this exchange, the coins would receive a lot of benefits and would get that much more exposure. This is also a goal for Ripple (XRP) and Ox (ZRX), although their chances of getting to Coinbase are not as high as their supporters would like.

With many new coins getting adopted by various big exchanges around the world, it is not that surprising that those left out wish to join the party. This especially goes for Ripple (XRP) and Ox (ZRX), and their investors are waiting for the announcement that they are getting on Coinbase with each passing day. And yet, the announcement is not coming, possibly for several reasons.

Why Coinbase won’t accept Ripple?

Coinbase recently announced that it will adopt Ethereum Classic as one of its newest cryptocurrencies, which was a big surprise for the Ripple fans. Considering that XRP is the third largest digital currency on CoinMarketCap, Ripple enthusiasts were confused with this choice, now that Coinbase decided to open up to new cryptos.

With Ripple’s success, high rank, large community, and acceptance by banks and other financial institutions around the world, it would be easy to think that this coin meets all of the requirements needed to get listed. Still, this might not be true, and Coinbase itself said as much.

The reasons for this include various pending cases and legal issues, and the recent revelations involving bribery are also not helping this crypto. A large part of the reason why Ripple isn’t being accepted is also the fact that it is still highly centralized. Not only that, but its parent company still holds a large majority of the XRP coins (more than 80%). This is simply not acceptable for a digital currency that claims to be a real crypto.

Despite the fact that Ripple continues to argue that their token is not a security, many are still not convinced, and the decentralization of the coin that was promised has yet to arrive. Because of this, and the pending cases that were mentioned earlier, Ripple definitely still doesn’t meet the necessary requirements.

What is the issue with Ox (ZRX)?

Ox is a very different crypto than Ripple, and it allows its users to trade any ERC-20 coin via its ZRX token. The coin became popular recently, which led its enthusiasts to believe that this crypto has a shot at joining Coinbase sometime soon. Seemingly, the coin does actually meet all the necessary requirements that are needed in order for it to be adopted by this exchange.

It is decentralized, has economic freedom, and is even complying with the laws and regulations. The issue lies with the recent developments regarding Coinbase’ s platform. The exchange has announced recently that it is trying to get regulatory permission to add blockchain and crypto security assets. That way, it would be capable of offering securities based on the blockchain, with SEC overseeing the procedures.

This is why it soon might not be in need of services that Ox has to offer, which is why the coin doesn’t really have a chance. Of course, nothing is certain as of yet, and only time will tell whether any of this is actually going to transpire. However, if it does, then Ox will probably have to aim at some other exchange.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

Published

on

SonicX
READ LATER - DOWNLOAD THIS POST AS PDF

When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

Continue Reading

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

Continue Reading

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

Continue Reading

Elite